New York, NY -- (SBWire) -- 03/17/2020 --Electric vehicles are embedded with traction motors or electric motors for propulsion. In electric vehicles, batteries play a vital role as they are the main energy sources. Hence, battery manufacturers and electric vehicle manufacturers have been collaborating to find the best battery solutions. For instance, Toyota has entered into a partnership with Contemporary Amperex Technology (CATL) to produce electric vehicle batteries, reuse of batteries, and develop new battery technology for plug-in hybrid vehicles.
According to the report, the global electric vehicle market was estimated to account for over US$ 160 billion in 2019. The market is anticipated to grow at a CAGR of 19.2% from 2019 to 2030.
Top Key Players:
Some of the prominent players in the global electric vehicle market include Tesla, BYD Company Ltd, CHERY, Hyundai Motor Company, Daimler AG, Groupe Renault, Nissan and Volkswagen AG, among others.
Get Free Sample Copy of this Report @ https://www.marketindustryreports.com/pdf/242
Growth Factor:
Heavy investments by electric vehicle manufacturers, high environmental concerns across the globe to reduce carbon emissions, and favorable laws and regulations, are the major factors driving the electric vehicle market.
Segmentation Overview:
BY PROPULSION TYPE
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
BY VEHICLE TYPE
Two-Wheeler
Passenger Car
Commercial Vehicle
Get Free Customization @ https://www.marketindustryreports.com/free-customization/242
Regional Analysis:
Asia Pacific is expected to grow at the highest CAGR during the forecast period followed by Europe. The growth of this region can be attributed to the increasing number of government initiatives to promote clean energy, high adoption rates in China & Japan, a huge customer base, rapid urbanization and increasing demand for low fuel emission & efficiency, and light-weight vehicles from the Asian countries.
Table of Contents
1. INTRODUCTION
1. Market Definition
2. Market Classification
3. Geographic Scope
4. Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
5. Currency Used
2. RESEARCH METHODOLOGY
1. Research Framework
2. Data Collection Technique
3. Data Sources
1. Secondary Sources
2. Primary Sources
4. Market Estimation Methodology
1. Bottom Up Approach
2. Top Down Approach
5. Data Validation and Triangulation
1. Market Forecast Model
2. Limitations/Assumptions of the Study
3. ABSTRACT OF THE STUDY
Full Research Report @ https://www.marketindustryreports.com/checkout/242
About Market Industry Reports
Market Industry Reports is at the forefront of innovation to address the worldwide industry trends and opportunities. We identified the caliber of market dynamics & hence we excel in the areas of innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research.
Contact Us
Email: sales@marketindustryreports.com
Phone: +1 347 767 5477 ( US ) + 91 8956 767 535 ( IN ) + 44 131 463 4161 ( UK )
Website: https://www.marketindustryreports.com
Electric Vehicle Market Rapidly Growing Dynamics with Forecasts to 2030 - Daimler AG, Groupe Renault, Nissan and Volkswagen AG
Electric Vehicle Market Business Opportunities, Chain Structure Analysis and Industry Development Overview by 2030